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Subsequent to this take-over, the former PTL was merged into M&M and transformed as Swaraj division of Mahindra & Mahindra in the year 2009. As of 2016, the division has over 2100 employees, a network of over 1500 sales/service centres and 600 dealerships across India, while the product portfolio comprises tractor models ranging from below 30HP ...
In 2007, M&M acquired Punjab Tractor Limited (PTL), making it the world's largest tractor manufacturer. [12] [13] Subsequent to this takeover, the former PTL was merged into M&M and transformed into the Swaraj division of Mahindra & Mahindra in 2009. [14] Over the past few years, the company has taken an interest in new industries and foreign ...
In 1970, the Government of Punjab acquired the Swaraj tractor's design and established Punjab Tractors Limited (PTL). The tractors were produced and sold under the brand name of Swaraj. In 2007, Mahindra & Mahindra Ltd. acquired majority stake in PTL, and in Feb 2009, it was merged into M&M as the Swaraj Division of Mahindra & Mahindra.
M&M produced its first tractor in 1963, the Mahindra B-275, by forming a joint venture with International Harvester to manufacture tractors carrying the Mahindra nameplate for the Indian market. Mahindra Tractors sold about 85,000 units annually, making it one of the largest tractor producers in the world. [ 7 ]
Mahindra Group is an Indian multinational conglomerate, headquartered in Mumbai.The group has operations in over 100 countries, with a presence in aerospace, agribusiness, aftermarket automotive components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail and ...
Mahindra Gujarat Tractor Limited (MGTL) has been a subsidiary of Mahindra & Mahindra (M&M) since 1999. The company operated as Gujarat Tractor Corporation Limited, promoted by the Government of Gujarat (GoG) in 1978, and manufactured and marketed tractors under "Hindustan" brand name.
After the FDA has banned red dye No.3, you may be wondering which drinks and candies contain it. Here's the full list—plus, when it'll be removed from shelves.
Former associate company Punjab Tractors manufactured agricultural tractors and combine harvesters under the Swaraj brand name before selling 64.6% to Mahindra Tractors. In 2009, Mahindra and Swaraj Mazda settled a dispute over the use of the Swaraj name, allowing Swaraj Mazda to continue using the name for only two more years.